Diana has a home-based business making and selling scented soaps. She initially spent $70 to purchase soap-making equipment, and the materials for each pound of soap cost $6. Diana sells the soap for $13 per pound. Eventually, she will sell enough soap to cover the cost of the equipment. How much money in total sales will Diana need to break even?

Diana has a home-based business making and selling scented soaps. She initially spent $70 to purchase soap-making equipment, and the materials for each pound of soap cost $6. Diana sells the soap for $13 per pound. Eventually, she will sell enough soap to cover the cost of the equipment. How much money in total sales will Diana need to break even?

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter5: Making Automobile And Housing Decisions

Section: Chapter Questions

Problem 4FPE

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